Stock Analysis

• The full-yearDividendwas 27.5 cents, up 3.8% from 26.5 cents.

• In July 2026, comparable sales were down 1.4% at JB Hi-Fi Australia, down 1.7% at The Good Guys and down 4.0% at e&s, while New Zealand was up 11.7%.

• For the first eight weeks of FY27, Lovisa reported total sales up 16.4% on a constant-currency basis and comparable store sales up 3.0%, with commentary of improving momentum in August.

• Food EBIT rose 5.4%, and the company said the IGA price gap to the major supermarkets narrowed to 2.1%.

• The coreBusinessgenerated NPAT of $80.5 million, up 10%, onRevenueof $476.7 million, up 5.1%, with a gross margin of 66%.

• Premier owns 25.2% of Breville, the kitchen appliance company, and this is a large part of the group's earnings.

• GrossMarginimproved by 10 basis points to 45.7%, helped by Rebel and BCF, while it eased at Supercheap Auto and Macpac.